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alt / alt.atheism / A conservative think tank says Trump policies would crater the economy...and that's being kind

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* A conservative think tank says Trump policies would crater the economy...and thaSkeeter
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Subject: A conservative think tank says Trump policies would crater the economy...and that's being kind
From: Skeeter
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Date: Tue, 8 Oct 2024 16:40 UTC
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From: me4guns@verizon.removeme.this2.nospam.net (Skeeter)
Subject: A conservative think tank says Trump policies would crater the
economy...and that's being kind
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By Michael HiltzikBusiness Columnist
Oct. 8, 2024 3 AM PT

If you are wired into the flow of campaign news — as I am, for my sins — you
will be inundated this week with reports of a new analysis of the fiscal impact
of the economic proposals of Donald Trump and Kamala Harris.

Long story short: Trump’s would be much worse in terms of increasing the federal
debt than Harris’. According to the study issued Monday by the Committee for a
Responsible Federal Budget, Harris’ policies would expand the debt by $3.5
trillion over 10 years, Trump’s by $7.5 trillion.

These are eye-catching figures, to be sure. They’re also completely worthless
for assessing the true economic effect of the candidates’ proposals, for several
reasons.
[...]
The worst shortcoming of the CRFB’s analysis is that it’s hopelessly narrow. Its
focus is on the first-order effects of the individual proposals on federal
income and spending, without paying much attention to the dynamic economic
effects of those policies. Would the policy spur more growth over time, or less?
[...]
The committee’s treatment of Trump’s tariff proposals demonstrate the vacuum at
the heart of its analysis. It treats the income from Trump’s proposal — a 10% to
20% tariff on most imported goods and 60% on Chinese imports — as a revenue gain
for the federal budget. Economists are all but unanimous in regarding tariffs as
a tax on American consumers, however — in other words, a tax transferring
household income to the Treasury.

https://www.latimes.com/business/story/2024-10-08/column-a-conservative-think-tank-says-trump-policies-would-crater-the-economy-but-its-being-kind

Harris will be better for the economy than Trump. Trump will plunge us into a
depression.

Subject: Re: A conservative think tank says Trump policies would crater the economy...and that's being kind
From: Skeeter
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From: skeeterweed@photonmail.com (Skeeter)
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Subject: Re: A conservative think tank says Trump policies would crater the economy...and that's being kind
Date: Tue, 8 Oct 2024 11:59:28 -0600
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In article <HfdNO.249573$v8v2.109549@fx18.iad>,
me4guns@verizon.removeme.this2.nospam.net says...
>
> By Michael HiltzikBusiness Columnist
> Oct. 8, 2024 3 AM PT
>
> If you are wired into the flow of campaign news ? as I am, for my sins ? you
> will be inundated this week with reports of a new analysis of the fiscal impact
> of the economic proposals of Donald Trump and Kamala Harris.
>
> Long story short: Trump?s would be much worse in terms of increasing the federal
> debt than Harris?. According to the study issued Monday by the Committee for a
> Responsible Federal Budget, Harris? policies would expand the debt by $3.5
> trillion over 10 years, Trump?s by $7.5 trillion.
>
> These are eye-catching figures, to be sure. They?re also completely worthless
> for assessing the true economic effect of the candidates? proposals, for several
> reasons.
> [...]
> The worst shortcoming of the CRFB?s analysis is that it?s hopelessly narrow. Its
> focus is on the first-order effects of the individual proposals on federal
> income and spending, without paying much attention to the dynamic economic
> effects of those policies. Would the policy spur more growth over time, or less?
> [...]
> The committee?s treatment of Trump?s tariff proposals demonstrate the vacuum at
> the heart of its analysis. It treats the income from Trump?s proposal ? a 10% to
> 20% tariff on most imported goods and 60% on Chinese imports ? as a revenue gain
> for the federal budget. Economists are all but unanimous in regarding tariffs as
> a tax on American consumers, however ? in other words, a tax transferring
> household income to the Treasury.
>
> https://www.latimes.com/business/story/2024-10-08/column-a-conservative-think-tank-says-trump-policies-would-crater-the-economy-but-its-being-kind
>
> Harris will be better for the economy than Trump. Trump will plunge us into a
> depression.

Look at Rudy forging his betters.

Subject: Re: A conservative think tank says Trump policies would crater the economy...and that's being kind
From: don
Newsgroups: alt.atheism, or.politics, alt.politics.trump, talk.politics.guns, sac.politics, alt.fun
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Date: Tue, 8 Oct 2024 20:52 UTC
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From: donhasheider@linuxmail.org (don)
Newsgroups: alt.atheism,or.politics,alt.politics.trump,talk.politics.guns,sac.politics,alt.fun
Subject: Re: A conservative think tank says Trump policies would crater the
economy...and that's being kind
Date: Tue, 8 Oct 2024 13:52:30 -0700
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On 10/8/2024 9:40 AM, Skeeter wrote:
> By Michael HiltzikBusiness Columnist
> Oct. 8, 2024 3 AM PT
>
> If you are wired into the flow of campaign news — as I am,

Skeeter did not post this.

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